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Companies seeking to hire new contractors or suppliers may be eager to hire a partner and begin new projects, but they should not let their anticipation get in the way of proper risk mitigation strategies.

Australian companies are closer to having a set of national safety standards to observe, which will provide workers in various industries with health and safety policies that protect them from harm while on the job.

The world’s leading businesses are hiring third party contractor management services to prequalify and screen their contractors, suppliers and vendors. This contractor management process provides assurance that organizations are working with the safest members of their supply chain.

Organizations that operate without a contractor verification system but continue to outsource put their company at risk. Headlines regularly detail the failings of unverified contractor’s s to comply with government regulations, safety guidelines, branding standards, and corporate social responsibility practices.

Safe Work Australia has revealed the number of on-the-job fatalities in the country is the lowest number seen in eight years. The agency's "Work-related Traumatic Injury Fatalities, Australia 2010-11" report revealed that the country experienced 374 work-related fatalities in that time frame.

While the demand for supplier qualification increases there are still several fundamental reasons why internally manage programs fail. You can improve your 2015 contractor management program and ensure success by addressing the following.